Dhunseri Ventures Ltd

Dhunseri Ventures Ltd

₹ 351 0.82%
19 Jun 10:20 a.m.
About

Incorporated as Dhunseri Tea Co. Limited, its first business was cultivation and production of tea at its tea estates located at Assam.
Later it acquired the Bottle Grade PET resin business of South Asian Petrochem Ltd and the name of the company was changed to Dhunseri Petrochem & Tea Limited.

Finally on 11.12.2018, the name of the company was changed from Dhunseri Petrochem Limited to Dhunseri Ventures Limited(DVL).

It is into manufacturing and selling of bottle grade PET resins through its various Associates and Joint venture. [1]

Key Points

Experienced promoters
The promoters have vast industry experience of over 40 years in the field of Tea and Petrochemicals. [1]

  • Market Cap 1,228 Cr.
  • Current Price 351
  • High / Low 559 / 240
  • Stock P/E 8.08
  • Book Value 845
  • Dividend Yield 1.43 %
  • ROCE 6.59 %
  • ROE 5.44 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.41 times its book value
  • Company is expected to give good quarter

Cons

  • Earnings include an other income of Rs.184 Cr.
  • Dividend payout has been low at 6.19% of profits over last 3 years
  • Working capital days have increased from 143 days to 285 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
61 51 46 32 136 39 50 36 140 40 43 57 264
20 17 18 21 145 57 22 51 136 25 26 44 255
Operating Profit 41 34 28 11 -10 -17 27 -14 4 15 17 13 9
OPM % 68% 66% 62% 34% -7% -45% 55% -40% 3% 38% 39% 22% 3%
96 93 54 105 163 264 258 138 87 38 84 20 42
Interest 1 1 1 2 2 1 1 2 2 1 1 8 6
Depreciation 6 6 6 5 5 5 5 6 6 6 6 7 11
Profit before tax 130 120 75 109 146 240 279 116 83 47 95 18 34
Tax % 9% 19% 21% 23% 19% 27% 23% 27% 21% 14% 20% 32% 29%
118 97 59 84 119 176 215 85 66 40 76 12 24
EPS in Rs 33.76 27.73 16.85 23.99 34.03 50.39 61.51 24.27 18.82 11.57 21.67 3.55 6.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,255 3,882 4,172 27 22 970 762 70 182 272 243 403
2,184 3,739 4,169 8 21 943 737 148 71 201 232 350
Operating Profit 71 142 3 19 1 27 25 -78 111 71 11 54
OPM % 3% 4% 0% 72% 3% 3% 3% -112% 61% 26% 4% 13%
125 60 39 -208 497 54 31 42 198 407 735 184
Interest 33 60 100 0 0 2 23 7 5 5 6 16
Depreciation 33 44 74 0 0 2 4 28 26 23 22 29
Profit before tax 130 99 -132 -189 497 78 29 -71 279 450 718 193
Tax % 13% 21% -22% -2% -11% 34% -10% 20% 16% 20% 25% 21%
114 78 -161 -192 551 52 32 -57 233 360 542 152
EPS in Rs 28.72 22.69 -28.92 -35.75 171.17 14.96 9.41 -15.64 66.36 102.60 154.99 43.74
Dividend Payout % 16% 20% -14% -11% 1% 23% 43% -3% 4% 4% 3% 11%
Compounded Sales Growth
10 Years: -20%
5 Years: -12%
3 Years: 30%
TTM: 66%
Compounded Profit Growth
10 Years: 10%
5 Years: 22%
3 Years: -13%
TTM: -72%
Stock Price CAGR
10 Years: %
5 Years: 32%
3 Years: 15%
1 Year: 46%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 15%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 35 35 35 35 35 35 35 35 35 35 35 35
Reserves 741 799 425 459 1,065 1,158 1,327 1,198 1,569 2,027 2,602 2,924
2,016 2,359 2,284 1,059 0 117 70 92 73 115 365 377
518 968 731 1,727 100 279 173 154 216 281 528 592
Total Liabilities 3,310 4,161 3,474 3,280 1,200 1,589 1,605 1,479 1,893 2,459 3,529 3,928
1,013 1,012 1,641 950 16 29 34 54 69 74 77 628
CWIP 666 1,011 75 46 46 46 46 46 46 84 536 55
Investments 38 41 45 115 1,080 1,126 1,312 1,282 1,639 2,079 2,513 2,772
1,593 2,097 1,713 2,170 58 388 214 96 139 220 404 474
Total Assets 3,310 4,161 3,474 3,280 1,200 1,589 1,605 1,479 1,893 2,459 3,529 3,928

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-654 69 354 -21 354 -342 96 101 30 -26 143 -7
-513 -334 -121 -68 -273 287 -51 -57 35 13 -303 24
985 239 -85 -51 -141 104 -85 -40 -56 7 194 -51
Net Cash Flow -182 -26 148 -140 -60 49 -40 4 10 -5 34 -34

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 86 45 18 121 0 45 0 0 0 0 0 2
Inventory Days 94 98 69 31 0 9 12 1 2 40
Days Payable 53 74 44 66 5 119 80 11 12 64
Cash Conversion Cycle 127 70 43 121 0 10 -5 -110 -67 -10 -11 -22
Working Capital Days 143 77 39 3,812 618 57 81 256 103 94 51 285
ROCE % 4% 4% -1% 1% 38% 7% 6% -5% 19% 24% 28%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.43% 0.62% 0.72% 0.69% 0.62% 0.52% 0.52% 0.51% 0.51% 0.55% 0.55% 0.60%
2.09% 2.09% 2.10% 2.09% 2.10% 2.09% 2.09% 2.09% 2.09% 2.08% 1.73% 1.73%
22.47% 22.29% 22.18% 22.22% 22.28% 22.39% 22.37% 22.39% 22.38% 22.35% 22.71% 22.66%
No. of Shareholders 22,03124,48023,85124,90624,75124,24123,87223,49723,81823,65025,06324,331

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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